MCQUILLING PARTNERS INC
MCQUILLING PARTNERS INC News
Short-Term Tanker Market Shaken Up by Geopolitics
McQuilling Services has released its 29th anniversary edition, 2026-2030 Tanker Market Outlook with the theme: “You Can’t See the Forest for the Trees.”The report frames the outlook for crude tankers over the next five years. Structural forces (the “forest”) including: 1) macroeconomic conditions, 2) a weakening US dollar, 3) a commodity price super cycle, 4) emerging market oil demand, and 5) global shipyard capacity constraints are expected to dominate market direction.
Blue Ocean Transfers: A New Jones Act CTV Player Emerges
There's a new player in the Jones Act crew transfer vessel (CTV) market: Blue Ocean Transfers (BOT), based on Long Island, N.Y.The McQuilling-Partners-owned company is planning to build a fleet of CTVs to support the U.S. offshore wind industry as it ramps up to meet the Biden administration's goal of 30 gigawatts (GW) of offshore wind by 2030. "BOT is a marine logistics equipment manager, whose equipment is chartered and deployed by wind field developers and their suppliers…
Tanker Markets Stay Bearish through '22, says McQuilling Report
Spot market earnings for VLCCs will average $2,500/day in 2022 on a non-eco, no scrubber basis (US $11,000/day for ECO-designs, without scrubbers), while the peak year for VLCC spot market earnings have been pushed out to 2025, amid substantial supply-side support. This was a key finding in McQuilling Services 25th Annual Tanker Market Outlook: 2022-2026 Tanker Market Outlook. While conditions are tight for the big ships…
McQuilling and Vertis Partner to Offer Carbon Offsets for Shipping
Shipbroker McQuilling Partners Inc. and emissions trader Vertis Environmental Finance have partnered to offer carbon offsetting and advisory (CO&A) services to the shipping industry.The agreement will provide ship-owners, oil companies, refiners and traders with direct access to carbon offsetting and advisory solutions to address their environmental sustainability and carbon-neutral shipping needs…
McQuilling Mid-Year Tanker Market Outlook
McQuilling Services Announces the Release of the 2019 Mid-Year Tanker Market Outlook Update.The Mid-Year Tanker Market Outlook Update provides an outlook on the global tanker market in the context of global economic growth and oil fundamentals influencing tanker demand and vessel supply. The outlook includes a view on future asset values, time charter rates, market freight rates and TCE revenues for…
Progress in Brazil Repair Yard Project
The Brasil Basin Drydock Company (BBDC), a joint venture of McQuilling Services and Promon Engenharia, is setting up an industrial facility that will drydock and…
McQuilling ends tanker contracts with PDVSA
A second maritime firm has told Venezuela's state-run oil firm Petroleos de Venezuela it would end all charter contracts with the company as a result of U.S. sanctions, according to an internal document and a person familiar with the matter.U.S.-based McQuilling Partners Inc, which provided PDVSA with four contract tankers, joined German tanker operator Bernhard Schulte Shipmanagement (BSM) in withdrawing…
